Vadodara is more popularly known by its earlier name Baroda. It is an important city in Gujarat. Vadodara stands third among the largest cities in Gujarat, closely following Ahmedabad and Surat. It is known for its rich cultural heritage, and hence the city has earned the name of the ?Sanskrit Nagar? or the ?Kala Nagari? (City of Arts). After the Mughals were expelled by the Marathas from Gujarat, their local lieutenants known as the Gaekwad clan settled down in Vadodara. The descendants of the royal family still remain in this city in the famous Lakshmi Vilas Palace. Fertilizers, medicines, compounds, fisheries, dairy, fiber weaves and machine gears contribute to this citys economy. Crops like rice, wheat, grams, sugarcane, yellow peas and yarn are harvested in Vadodara. The city is located on the banks of the Vishwamitri river. Vadodara experiences a semi-arid climate, with dry summers and winters and humid monsoon days. Many large-scale and heavy industries can be found in this city. Units of Indian Oil Corporation (IOCL), Indian Petrochemicals Corporation Limited (IPCL), Gujarat State Fertilizers & Chemicals (GSFC), Oil and Natural Gas Corporation (or ONGC), Gujarat Alkalis and Chemicals Limited (GACL) and Gas Authority of India Limited (GAIL) are to be found in and around the city. There are numerous educational institutions in Vadodara including the largest university in Gujarat - Maharaja Sayajirao University of Baroda.
The Bandhan Bank Ltd. is based in Kolkata, West Bengal. Bandhan started as a micro-finance company in 2001 and received its banking license from the RBI in 2014. On 27th March 2018, it became the 8th largest bank in India by market capitalization. The Bank has 840 branches, 2,443 Doorstep Services, 282 ATMs and 12,004 Mini-ATMs or Hand-Held Devices according to the Annual Report of the bank (2016-17). Mr. Harun Rasid Khan is the chairman of the Bandhan Bank. In July 2016, he had been the Deputy Governor of the Reserve Bank of India. The founder cum managing director and chief executive officer of the Bandhan Bank are Mr. Chandra Shekhar Ghosh. The RBI licensing norms state explicitly that a new bank must have a ? 500 crore capital. The Bandhan Financial Services Limited (BFSL), one of the largest microfinance organization in India owns The Bandhan Financial Holdings. The SIDBI bank, International Finance Corporation (IFC), Financial Inclusion Trust, North Eastern Financial Inclusion Trust, Singapore Sovereign Wealth Fund GIC and the Bandhan Employees Welfare Trust are the significant investors in the parent organization of Bandhan Bank. The Bandhan Bank get listed on the Bombay stock exchange. On 23rd August 2015, the Bandhan bank was launched by the Union Minister of Finance, Shri Arun Jaitley Ji in Kolkata, West Bengal, India. After a year, the first-anniversary celebration of Bandhan Bank was attended by the President of India, Shri Pranab Mukherjee. For mobile banking, the Bandhan bank has launched m Bandhan app which is available for download on google play store and apple store. The users can check their account information and make money transfers through the app.